Holding(s) in Company

Mears Group PLC
01 November 2007


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to
    which voting rights are attached

    MEARS GROUP PLC

2.  Reason for the notification (please tick the appropriate box or boxes)

    An acquisition or disposal of voting rights                       ( )

    An acquisition or disposal of financial instruments which may     ( )
    result in the acquisition of shares already issued to which
    voting rights are attached

    An event changing the breakdown of voting rights                  ( )

    Other (specify):   Transfer out                                   (X)

3.  Full name of person(s) subject to the notification obligation:

    Majedie Asset Management Ltd

4.  Full name of shareholder(s) (if different from 3.)

5.  Date of the transaction (and date on which the threshold is crossed
    or reached if different):

    25 October 2007

6.  Date on which issuer notified:

    25 October 2007

7.  Threshold(s) that is/are crossed or reached:

    Below 5%

8.  Notified details:

A. Voting rights attached to shares

Class/type of shares (if possible using the Ordinary (GB000563420)
ISIN code)

Situation previous to  Resulting situation after the triggering transaction
   the triggering
     transaction
Number of     Number of    Number of   Number of voting       % of voting rights
Shares        Voting       shares      rights
              Rights 
                           Direct      Direct    Indirect     Direct    Indirect

3,670,277     3,670,277                          3,547,520              4.87%

B. Financial Instruments

Resulting situation after the triggering transaction
Type of       Expiration   Exercise/             Number of voting    % of voting
financial     date         Conversion Period/    rights that may     rights
instrument                 Date                  be acquired if
                                                 the instrument is
                                                 exercised/
                                                 converted
Total (A+B)
Number of voting rights              % of voting rights

3,547,520                            4.87%

9.  Chain of controlled undertakings through which the voting rights and/
    or the financial instruments are effectively held, if applicable:

Proxy Voting:

10.  Name of the proxy holder:

11.  Number of voting rights proxy
     holder will cease to hold:

12.  Date on which proxy holder
     will cease to hold voting
     rights:

13.  Additional information:       Majedie Asset Management Ltd is a
                                   discretionary Fund Manager. It invests
                                   funds on behalf of its clients on a
                                   segregated basis as well as through its
                                   pooled vehicle Majedie Asset Management
                                   Investment Fund Company.

14:  Contact name:                 Sundip Singh Shihn

15.  Contact telephone number:     020 7618 3917




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